Wednesday, May 12, 2010
USDJPY : Bearish Butterfly [emerging]
While looking at this pair, I see a potential of deep drop for cross Yen pairs. I prefer to stay away form this pair due to uncertainty. In bigger picture, when it completes its D, this pair will continue the downtrend.
EURJPY : Bearish Butterfly [emerging]
B is 0.786 XA at 122.2, triggering the butterfly pattern for this pair. I'm anticipating a further drop from this pair before rallying to complete its D.
GBPJPY : Bearish Gartley [emerging]
Not much differ from GBPUSD. I'm also planning to trade from C to D for this pair.
GBPUSD : Bearish Gartley [emerging]
B sharply reached 0.618 XA at 1.505. This pair is emerging an ideal gartley. I choose to stay away for awhile to seek better entry. I'm planning to trade from C to D.
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